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Rupee Opens Higher At 68.88

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As against Monday's closing of 68.93, rupee opened the day on a stronger note with gins of 5 paise against the dollar.

Rupee Opens Higher At 68.88
 

Heavy selling pressure engulfed global equities on US recession concerns and the development put a pressure on the dollar currency. Asian stocks tumbled as the US yield hit a low last see in 2017.

It is highly that in the upcoming financial year rupee is likely to gain tremendously which to an extent got a boost due to heavy FII flows in the month of March. Also, there are views that going ahead balance of payment situation of the country as well as RBI's take on its forex reserves will provide a direction to the rupee currency.

GoodReturns.in

Read more about: rupee dollar
Story first published: Tuesday, March 26, 2019, 9:21 [IST]
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